| Management target | Revenue 17.0% FY27 |
|---|
| Revenue growth | Retail loan growth 14.1% YoY; targeting 17% AUM CAGR through FY27. |
|---|---|
| Margins | Guiding 3.5% NIM; yields rising via affordable segment expansion. |
| Order book | AUM at ₹71,243 Cr; retail share increased to 97%. |
| Demand visibility | Strong sectoral tailwinds; affordable housing growing at 19% annually. |
| Management confidence | Highly confident, emphasizing 'sweet spot' for Housing Finance for decades. |
Growth
Retail growth hit 14.1% in FY24; targeting 15,000 Cr affordable book by FY27 through 200+ dedicated branches.
Outlook
Targets 1 Lakh Cr AUM by FY27 with RoA increasing to 2.5-2.6% and RoE reaching 15%.
Risks
Significant execution risk in scaling the 'informal' self-employed segment which is more prone to credit volatility. RISK: Rapid branch expansion and heavy hiring could spike Opex if disbursements lag.
Last quarter's promises, checked
Delivered
- Guided NIM bottomed out → NIM 3.50% vs stable sequential spread of 2.12% (= BEAT)
- Guided GNPA <1% → delivered 0.95% (= BEAT)
- Guided credit cost to remain negative → delivered -12 bps via recoveries (= BEAT)
Partly delivered
- Guided 18-20% overall book growth → delivered 15% YoY (= PARTIAL)
Missed
- Guided Affordable book growth 50-60% → delivered 11% YoY apple-to-apple (= MISS)
- Guided Affordable disbursements target → delivered INR 555 Cr, below internal target (= MISS)
Earnings Call Transcript filed with NSE, NSE: PNBHOUSING. Summary written with AI assistance from the document.
PNB Housing Finance Ltd: key numbers
- Share price
- ₹1,094.90
- Market cap
- ₹28,555 Cr
- Revenue (annual)
- ₹8,505 Cr
- Net profit (annual)
- ₹2,291 Cr
- P/E (TTM)
- 12.3×Sector 22.0×
- Promoter holding
- 28.03%-0.01% QoQ
- FII holding
- 16.81%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from PNB Housing Finance Ltd
All →PNB Housing Finance Credit Rating
PNB Housing Finance received a [ICRA]AAA rating for its new Rs 2,000 Crore NCD programme. Existing ratings for bank facilities and NCDs were reaffirmed by ICRA.
PNB Housing Finance Debt & Borrowing
PNB Housing Finance intimated NSE of the record date for a CP redemption due 27 Oct 2026. No monetary value is stated in this intimation.
PNB Housing Finance Management Change
PNB Housing Finance designated Mr. Jatul Anand as its Chief Operating Officer (COO). He previously served as an Executive Director (non-Board).
PNB Housing Finance Debt & Borrowing: ₹500 Cr
PNB Housing allotted ₹500 Crore in 5-year secured NCDs at 8.135% via private placement on NSE EBP. The securities will be listed on NSE WDM segment.
- Value
- ₹500.0 Cr
PNB Housing Finance Debt & Borrowing: ₹700 Cr
PNB Housing Finance Limited redeemed Commercial Papers worth ₹700 Crore on the due date of September 15, 2026. This confirms the repayment of debt obligations.
- Value
- ₹700.0 Cr
PNB Housing Finance Debt & Borrowing: ₹625 Cr
PNB Housing Finance has redeemed Commercial Papers worth ₹625 Crore on maturity. This transaction confirms the repayment of the company's debt obligations.
- Value
- ₹625.0 Cr